Investment Incentive Certification

Investment Incentive Certification

When making an investment decision, the investment incentive opportunities related to the investment location and class should also be evaluated. The investment incentive legislation currently in force in Türkiye offers investors significant advantages both during the investment period and during the operating period.

During the investment period, support such as investment site allocation, VAT exemption, customs duty exemption and interest support is provided, while for the operating period, income tax reduction, social security (SGK) support and withholding tax support are available. These items sometimes contribute to the fixed investment amount and the working capital as much as the investment itself.

Investors holding an investment incentive certificate obtain fee exemptions under the Municipal Revenues Law and are given priority consideration by other institutions.

Our in-house investment incentive experts assess incentives by region and class and present you with a report on the advantages of investing with an investment incentive certificate. Once you decide to proceed with an investment incentive certificate, all application procedures are handled by our experts, who can represent you throughout the process until the operating period begins.

Tourism Investment and Operation Certificate

If a tourism investment is to proceed with an investment incentive certificate, the investment must also be certified with a Tourism Investment Certificate. In addition, a tourism investment certificate is required to benefit from the support provided for tourism investments by all institutions, primarily the municipality of the region where the property will be built.

With the law enacted on July 28, 2021, the Tourism Operation Certificate became mandatory, and it was stipulated that businesses failing to obtain one within one year of that date would have their operations terminated. Before that date, tourism facilities could operate with a business opening and operating license obtained from their local municipality; since then, affiliation of facilities with the Ministry of Tourism has become mandatory.

Some businesses operating without a Tourism Operation Certificate met the requirements of the Ministry of Tourism regulations but did not obtain the certificate because they saw no need for it, while others did not want to pursue it because they lacked the technical knowledge and experience to comply with the legislation.

Our in-house experts can audit your hotel, assess its compliance with the legislation and provide you with a report on whether it qualifies for certification and what needs to be done to become eligible.

If you believe your property qualifies for Ministry of Tourism certification, our experts can prepare the application file on your behalf, submit the application and represent you before the Ministry throughout the entire process until the certificate is obtained.

You can reach our expert team for certification processes and any other questions.